NXT Announces Convertible Debenture Conversion
NXT Energy Solutions (OTCQB:NSFDF) announced that MCAPM, LP and Michael P. Mork (Mork Capital) have converted their entire debenture holdings of US$3,375,000 into 15,605,088 common shares of the company. Following this conversion, Mork Capital's ownership has increased to approximately 30,526,321 common shares, representing 28.0% of NXT's total issued and outstanding common shares.
NXT Energy Solutions (OTCQB:NSFDF) ha annunciato che MCAPM, LP e Michael P. Mork (Mork Capital) hanno convertito l'intero ammontare dei loro debentures, pari a 3.375.000 USD, in 15.605.088 azioni ordinarie della società. A seguito di questa conversione, la partecipazione di Mork Capital è aumentata a circa 30.526.321 azioni ordinarie, rappresentando il 28,0% del totale delle azioni ordinarie emesse e in circolazione di NXT.
NXT Energy Solutions (OTCQB:NSFDF) anunció que MCAPM, LP y Michael P. Mork (Mork Capital) han convertido la totalidad de sus bonos por un valor de 3.375.000 USD en 15.605.088 acciones ordinarias de la compañía. Tras esta conversión, la participación de Mork Capital ha aumentado a aproximadamente 30.526.321 acciones ordinarias, lo que representa el 28,0% del total de acciones ordinarias emitidas y en circulación de NXT.
NXT Energy Solutions (OTCQB:NSFDF)는 MCAPM, LP와 Michael P. Mork (Mork Capital)이 보유 중인 총 3,375,000 미국 달러 규모의 전환사채를 회사의 15,605,088 보통주로 전환했다고 발표했습니다. 이 전환 이후 Mork Capital의 보유 주식 수는 약 30,526,321 보통주로 증가하여 NXT의 총 발행 및 유통 보통주의 28.0%를 차지하게 되었습니다.
NXT Energy Solutions (OTCQB:NSFDF) a annoncé que MCAPM, LP et Michael P. Mork (Mork Capital) ont converti la totalité de leurs débentures d'une valeur de 3 375 000 USD en 15 605 088 actions ordinaires de la société. Suite à cette conversion, la participation de Mork Capital a augmenté pour atteindre environ 30 526 321 actions ordinaires, représentant 28,0% du total des actions ordinaires émises et en circulation de NXT.
NXT Energy Solutions (OTCQB:NSFDF) gab bekannt, dass MCAPM, LP und Michael P. Mork (Mork Capital) ihre gesamten Wandelschuldverschreibungen im Wert von 3.375.000 US-Dollar in 15.605.088 Stammaktien des Unternehmens umgewandelt haben. Nach dieser Umwandlung erhöht sich der Anteil von Mork Capital auf etwa 30.526.321 Stammaktien, was 28,0% der insgesamt ausgegebenen und ausstehenden Stammaktien von NXT entspricht.
- Elimination of US$3,375,000 in debt through conversion to equity
- Demonstrates major shareholder confidence in the company
- Significant dilution with 15,605,088 new shares issued
- Increased ownership concentration with Mork Capital now controlling 28% of shares
CALGARY, AB / ACCESS Newswire / June 26, 2025 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to announce that MCAPM, LP and Michael P. Mork (together "Mork Capital"), have converted all their debentures, totaling US
About NXT Energy Solutions Inc.
NXT Energy Solutions Inc. is a Calgary-based technology company whose proprietary airborne SFD® survey system, applied in numerous basins around the world, uses the principles of quantum mechanics to infer stress anomalies of exploration interest. The method can be used both onshore and offshore to remotely identify areas conducive to fluid entrapment in order to recommend areas with commercial hydrocarbon and/or geothermal potential. The SFD® survey system enables our clients to focus their exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential. SFD® is environmentally friendly and unaffected by ground security issues or difficult terrain and is the registered trademark of NXT Energy Solutions Inc. NXT Energy Solutions Inc. provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.
Contact Information
For investor and media inquiries please contact for NXT Energy Solutions Inc.:
Michael Baker |
Investor Relations |
302, 3320 - 17th AVE SW |
Calgary, AB, T3E 0B4 |
+1 403 264 7020 |
SOURCE: NXT Energy Solutions, Inc.
View the original press release on ACCESS Newswire
FAQ
What is the value of debentures converted by Mork Capital in NXT Energy Solutions (NSFDF)?
How many shares did Mork Capital receive from the NSFDF debenture conversion?
What percentage of NXT Energy Solutions (NSFDF) does Mork Capital now own?
How does the debenture conversion affect NXT Energy Solutions' debt?
